Wills

Let the Professionals take care of your Will!

Let us advise you and take all your worries about Willwriting away! As a well respected firm of Chartered Accountants specialising in all aspects of Willwriting and Inheritance Tax Planning we can give specific advice on the most Tax efficient manner of dealing with your specific circumstances.

As members of the Institute of Professional Willwriters we are fully trained and qualified to write your will. We would normally arrange a meeting or telephone interview from which a will would be drafted. If it is Tax efficient we may advise on and assist in severing joint tenancy. We can advise on trusts and their inclusion in a proposed will. You may require a professional and responsible person to act as executor or trustee for a final setup for minors or you may just want advice as to guardians for minors.

Together with all of this you have the comfort of knowing you are dealing with professionals regulated by two professional bodies fully trained and fully insured!

Why have a will

So that your estate can be distributed according to your wishes
To reduce the Tax payable on your death
To appoint guardians to any of your minor children
To choose the persons you wish to administer your estate
To make it easier for your loved ones to deal with your estate

Services

We can assist with:

Will writing and advice
Probate and executorship
Living Wills advice
Powers of attorney
Face to face meeting to discuss wishes and concerns

Professionalism

We are members of the Institute of Professional Willwriters, whose aims are to promote the highest possible standards within the will writing profession and to protect the interests of its members and the public. Click on the name or logo above to find out more.

IHT Planning

With basic wills planning we can save estates up to £110,000 in Inheritance Tax
We may be able to provide advice on lifetime inheritance tax planning depending on your circumstances.
Do you have a Will enquiry, please contact Peter Tuffin.

Questions and Answers

What happens if I die without a will?
The law determines how your estate will be distributed. This is unlikely to be the way you want and may be expensive for Inheritance Tax.
Doesn’t it all just go to my wife?
Most unlikely. If you have kids only £125,000 plus income from a life interest in half the residue will go to the spouse! The rest will go to the children.
What about my young children?
Your Will can appoint the guardian(s) you would like to look after your minor children and provide supports otherwise someone else will decide.
Won’t I pay tax any way?
For an average family locally, there could be savings of tax of up to £110,000, with proper Tax Planning in a Will.
Surely my estate is not big enough?
Add the value of your house and life assurance and you may be surprised.
Can’t I just leave it to wife/partner?
Yes to husband/wife is tax free but then there is likely to be a big tax bill when they die. A good will means you can pass on your wealth and reduce the tax or pay none when they die. Gifts to partners are not exempt from Tax!
Those I have left it to will make a gift to friends/charity?
Frequently this does not happen. The only way to be certain is to specify The Gift in the Will.